US consumer prices report first fall in more than a year
U.S. producer prices unexpectedly reported the first drop in more than a year in March, a report from the Labor Department released on Friday showed.
The consumer prices index (CPI) showed 0.3 percent fall last month, marking the first monthly slide since February 2016, after a 0.1 percent surge in February. Analysts had called for no change.
Core CPI recorded a 0.1 percent plunge, compared to both prior and expected readings of 0.2 rise.
Another report from the U.S. signaled a 0.2 percent drop in retail sales in March, following a revised 0.3 percent plummet in February.
Core retail sales posted no change, while analysts had predicted a 0.2 percent increase.
of 12:58 GMT, the dollar rose for the first time in four sessions versus a
basket of major currencies, as it traded at 100.48, according to the dollar